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Featured local agent — Chepachet, RI
Sarah Mitchell
Compass Real Estate · Chepachet, RI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Chepachet, RI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$242,500median sale price
How is the Chepachet, RI housing market right now?
The median home sale price in Chepachet, RI is $242,500, down 45.8% year-over-year. Homes sell in an average of 114 days with 10 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Chepachet a buyer's or seller's market?
Chepachet, RI is currently a buyer's market, based on 5.0 months of supply and homes selling in about 114 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
114
Average pace
Active listings
10
5.0 months supply
Sale-to-list
76.7%
Below asking
What does the Chepachet housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $242,500 |
| Median list price | $549,000 |
| Year-over-year price change | -45.8% |
| Average days on market | 114 days |
| Active inventory | 10 listings |
| Months of supply | 5.0 months |
| Sale-to-list price ratio | 76.7% |
| Median price per sq ft | $146/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 7 |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Chepachet by property type?
How the Chepachet, RI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $242,500 | $146/sq ft | 2 | 114 days |
Source: Redfin · Updated monthly
The Chepachet housing market is currently classified as a buyer's market with a median sale price of $242,500. Prices have fallen 45.8% compared to last year, with homes spending an average of 114 days on market, indicating 5.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Homes for sale in Chepachet
There are currently 10 homes listed for sale in Chepachet, Rhode Island. The median listing price is $549K.
Active listings
10
Homes on market
Median list price
$549K
Avg. days on market
114
Days until sale
New this week
7
Newly listed
Who lives in Chepachet?
Population
1,819
Median income
$95,423/yr
Median age
53.9 years
Owner-occupied
83.6%
College grads
24.9%
Avg commute
32 min
Source: U.S. Census Bureau ACS
What is it like to live in Chepachet?
Chepachet is a community of approximately 2K residents with a median age of 53.9 years.The median household income is $95,423, which reflects a relatively affluent area with strong earning potential. 24.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 83.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 32 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Chepachet offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Chepachet?
1 schools tracked · 235 students
The largest public schools serving Chepachet, RI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
West Glocester Elementary
Grades PK-5 · 235 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Chepachet, RI?
Want a head-to-head view? Compare Chepachet side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Chepachet?
The median home sale price in Chepachet is $242,500, down 45.8% from last year.
How long do homes stay on market in Chepachet?
Homes typically spend 114 days on market before going under contract.
What is the median income in Chepachet?
The median household income is $95,423 per year.
Is Chepachet a buyer's or seller's market?
With 5.0 months of supply, Chepachet is currently a buyer's market.
How much does a single-family home cost in Chepachet?
The median single-family home price in Chepachet, RI is $242,500 (about $146 per square foot).
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